Fantom

The Sonic Labs Innovator Fund has unveiled its latest grant recipients, offering up to 200M $S for new ventures and dApps migrating to Sonic. The new partners include: - PaintSwap: Building a marketplace for trading Sonic airdrops, featuring ERC-1155 fNFT and an advanced order book. - Equalizer Exchange: A DEX with a vote escrowed model to drive liquidity to high-volume token pairs. - SilverSwap: A DeFi hub supporting dynamic fees, concentrated liquidity, rebase tokens, and plugins. These dApps will be available on Sonic at launch. The fund aims to accelerate innovation and ensure top dApps migrate to the new Sonic chain.

OpenBlock Labs, crypto's incentive operating system, partners with Sonic for a 190,500,000 $S airdrop across multiple phases. OpenBlock specializes in creating and deploying incentive campaigns for various protocols. They manage over $2 billion in annual incentive spend and have a team of 45 engineers and researchers. The partnership aims to optimize incentive models and identify genuine users for long-term contributions to the Sonic network. OpenBlock will provide anti-Sybil protection, including exploitative behavior detection, wash trading detection, and volume profiling. This collaboration ensures fair rewards distribution for users, developers, and validators on Opera and Sonic.

Opera has released a step-by-step video tutorial for setting up a Rabby Wallet. As part of their Gas-Free Trading Program in partnership with Rabby, they're sponsoring up to 10 DEX transactions per user. This offer is available for new wallets or those inactive for 90 days at the program's launch. Key points: - Video tutorial available for Rabby Wallet setup - Up to 10 free DEX transactions per user - Eligible: New wallets or 90-day inactive ones This initiative aims to encourage user engagement and reduce transaction costs on the Opera platform.

Fantom's Sonic Labs program has selected five new projects to receive funding and support. The projects are Lynx Protocol (perpetuals DEX), Thunder Dome (SocialFi platform), Debita Finance (P2P lending), Kiri Coin (green-tech startup), and Froqorion (party-based RPG). Each project will receive 200,000 FTM tokens, mentorship from Andre Cronje, guidance from Pyth Network's Kemar Titi, and compliance, payroll, and legal support. These projects are expected to further diversify and strengthen Fantom's ecosystem.

Fantom has released a breakdown of their most recent newsletter, providing insights and updates on the project. They are encouraging users to subscribe to receive the latest Fantom news directly to their inboxes.

On May 1st, 2024, the Fantom network will undergo a significant upgrade known as the Opera upgrade. This upgrade aims to enhance the network's performance, security, and overall functionality. While specific details are yet to be disclosed, the Fantom community anticipates improvements in areas such as transaction throughput, consensus mechanisms, and smart contract capabilities. The Opera upgrade is expected to solidify Fantom's position as a leading Layer-1 blockchain platform.

MemeGlobal's CEO Michael F. Kong has announced the Fantom Meme Season competition, offering 10 million FTM in prizes for memecoin holders and teams. Further details about the competition are expected to be released soon.

Fantom has announced the top gas-producing decentralized applications (dApps) on its platform that earned over 85,000 FTM tokens as part of its latest Gas Monetization quarterly bonus program. The featured dApps include Solidly, a self-optimizing DEX; ParaSwap, a leading DeFi aggregator; WigoSwap, a metaverse platform blending DeFi, NFTs, and gaming; OpenOcean, an efficient DEX aggregator enabling cross-chain swaps; and Velocimeter, a solidly-like DEX with a unique option token reward system. Fantom encourages innovation on its platform by rewarding builders with 15% of their dApp's gas fees and potential quarterly bonuses through its Gas Monetization program.

The Fantom network has announced the top gas-producing decentralized applications (dApps) that earned over 85,000 FTM tokens as part of its latest Gas Monetization quarterly bonus program. The featured dApps include Solidly, a self-optimizing decentralized exchange (DEX); ParaSwap, a leading DeFi aggregator; WigoSwap, a metaverse platform blending DeFi, NFTs, and gaming; OpenOcean, an efficient DEX aggregator enabling cross-chain swaps; Velocimeter, a DEX rewarding liquidity providers with option tokens; and others like XEX Labs, PaintSwap, SpookySwap, Beethoven X, Mummy Finance, and Equalizer Exchange. These innovative dApps were recognized for driving the most user engagement on the Fantom network. Builders on Fantom can earn 15% of their dApp's gas fees and apply for the Gas Monetization program.

Fantom has announced that $5 million has been bridged to its canonical stablecoin USDC.e since its launch. The stablecoin is now available on several top-tier decentralized exchanges (DEXs) on Fantom, with liquidity pools totaling over $1.8 million. The largest pools are on Beethoven X and Equalizer, with pairs including axlUSDC, lzUSDC, sFTMx, and EQUAL. Additionally, Polter Finance offers a USDC.e lending market with $1.29 million in liquidity. The announcement provides details on accessing these liquidity pools and markets.